Labor Productivity indicator is released by Statistics Canada and shows the change in labor efficiency when producing goods and services. This is a second tier indicator and that means that little or no volatility is expected. However, it is an important one, as productivity and labor-related inflation are directly linked.
The most important things to take into consideration when looking at the Labor Productivity indicator in Canada are the following:
- release date: quarterly, about 75 days after quarter ends;
- release time: 12:30 GMT, during the North American trading session;
- second tier data;
- low volatility levels expected